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Suppose you have a real estate investment that your NOI for the current year is $400,000. Your lender requires a 20 percent participation in any

Suppose you have a real estate investment that your NOI for the current year is $400,000. Your lender requires a 20 percent participation in any NOI above $250,000. If your normal debt service (without the participation portion) is $100,000, what is your BTCF for the year?

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